Credit Repair During FHA Loan Process
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Credit Repair During FHA Loan Process Mortgage Guidelines

Credit Repair During FHA Loan Process: What You Need to Know in 2024 If you’re considering buying a home using an FHA loan, you might wonder how credit repair could fit into the picture. Improving your credit score is crucial, but navigating credit repair during the FHA loan process requires careful consideration. This guide will…

FHA Condo Mortgage Guidelines
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2024 FHA Condo Mortgage Guidelines: What You Must Know

For many homebuyers, buying a condo can be an excellent option due to its combination of affordability, convenience, and a sense of community. But if you’re considering using an FHA loan to finance your condo purchase, there’s a catch: the condo complex must be FHA-approved. Understanding the FHA condo mortgage guidelines is crucial to ensure…

FHA Mortgage Insurance Premiums
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FHA Mortgage Insurance Premiums Guidelines on FHA Loans

Breaking News: Lower FHA Mortgage Insurance Premiums in 2024—What It Means for Your Mortgage Are you thinking about buying a home or refinancing your current mortgage? If so, you’ve likely heard about FHA loans. These loans are popular because they allow lower down payments, making it easier for first-time buyers to own a home. But…

FHA Loan Chapter 13 Bankruptcy Discharge
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FHA Loan Chapter 13 Bankruptcy Discharge Mortgage Guidelines

Just finished dealing with a Chapter 13 bankruptcy and thinking about getting a new house or refinancing the one you’ve got? Great news—you’re on the right track! A lot of folks might tell you that dreaming of a new mortgage is a no-go after bankruptcy, but that’s not the case. Believe it or not, owning…

FHA Loans With Low Credit Scores in Nebraska
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FHA Loans With Low Credit Scores in Nebraska

FHA Loans With Low Credit Scores in Nebraska: Your Guide to Homeownership in 2024 Are you concerned your low credit score might slow your home-buying dreams in Nebraska? Think again – it might just be the push you need. You’re not alone. Many potential homebuyers find themselves in the same situation, wondering if they’ll ever…

What Are FHA Lender Overlays
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What Are FHA Lender Overlays? Simple Guide 2024

If you are thinking about buying a home or refinancing your current mortgage, you may have heard about FHA loans. FHA loans are very popular mortgage options, especially for first-time homebuyers. But there’s one thing that can trip you up during the process: FHA lender overlays. In this guide, we’ll break down what FHA lender…

FHA New Construction
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Build Your Dream Home: FHA New Construction Guide 2024

Building your dream home might seem daunting due to complexities and costs, but what if the process was more straightforward and affordable than you think? Your dream home is within reach with the FHA New Construction loan program! This manual will guide you through all the details regarding FHA new construction loans in 2024, from…

Closing Costs on FHA Loans
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Closing Costs on FHA Loans: What You Must Know

When planning to buy a house using an FHA loan, it’s common to focus a lot on how much cash you need upfront for the down payment, which is 3.5% of the house’s price. But there’s another important thing you need to think about—closing costs. Closing costs are extra fees you have to pay when…

FHA 203k
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Fast Track to Your Dream Home with FHA 203k Loan Mississippi

Mississippi homebuyers, have you ever dreamed of a fixer-upper that you can turn into the perfect home but worried about the costs? The solution is simpler than you think: the FHA 203k Rehab Loan. Whether you’re buying a house that needs a little TLC or a complete overhaul, this loan program can help you finance…

FHA Loan in Montana
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Bad Credit? Get an FHA Loan in Montana Today

In this detailed guide, we’re going to dive into everything you need to know about getting an FHA loan in Montana, especially if you’re looking for a way to buy a home with a small down payment, minimal to no closing costs, even if your credit isn’t perfect, your credit score’s on the lower side,…

FHA Guidelines on DTI and Student Loans
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Impact of FHA Guidelines on DTI and Student Loans Explained

Struggling with student loan debt can often feel like attempting to run a marathon with a heavy backpack, particularly when you want to purchase your own home. Adding car payments on top of student loans makes your budget tight, and it all plays a big part in calculating your mortgage debt-to-income (DTI) ratio. This ratio…

FHA Loan After Chapter 7 Bankruptcy
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FHA Loan After Chapter 7 Bankruptcy Mortgage Guidelines

Government and conventional loans require a mandatory waiting period after bankruptcy. Non-QM loans one day out of bankruptcy does not have waiting period requirements. However, a 30% down payment is required.

Types Of 203k Mortgage Loans
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Types of 203k Mortgage Loans Explained: Quick & Simple Guide

When you’re looking at buying a fixer-upper, you might come across the term 203k mortgage loans. If you want to buy a home that needs some TLC, the Federal Housing Administration offers great options. In this updated guide, we’ll break down the types of 203k mortgage loans. We will explain their benefits. And we will…

FHA Chapter 13 Manual Underwriting
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Simple Steps for FHA Chapter 13 Manual Underwriting

Today, our blog post will explore the FHA Chapter 13 Manual Underwriting Guidelines in detail. If you’re in the middle of a Chapter 13 bankruptcy or have been out of one for less than two years, this is for you. We want to make sure you’re armed with the most up-to-date and understandable information out…

Qualifying For FHA Loan After Short Sale
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Your Guide to Qualifying for FHA Loan After Short Sale

If you are considering qualifying for FHA loan after short sale, know you’re not alone. Many people find themselves in your shoes, wondering if there’s a way to bounce back and secure an FHA loan. The encouraging news is that getting approved for an FHA loan after a short sale is achievable. However, there are…

Home Prices Are Increasing
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Home Prices Are Increasing Despite Higher Mortgage Rates

This guide guide covers how home prices are increasing despite higher mortgage rates. All indicators point to a housing bubble. The real estate boom we have experienced since 2019 is like no other housing explosing since the housing market peaked in 2005-06. HUD and the FHFA have increased loan limits for eight years in a…

California Housing Market Forecast
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California Housing Market Forecast For 2025

This article will discuss the California Housing Market Forecast for homebuyers of primary owner-occupant homes, second homes, investment homes, and commercial properties. California is the third-largest state in the United States.  The state has the largest population of any state. With a population of 39.5 million, the area comprises 163,696 square miles (423,970 km2). Los…

Septic Inspections on Home Purchase
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The Ultimate Guide to Septic Inspections on Home Purchase

Buying a house is a big deal, and there’s a lot you need to check to make sure you’re making a smart choice. One important thing to look at is septic inspections on home purchases. This is especially important if the house has its own system for dealing with wastewater. This guide is here to…

VA Cash-Out Guidelines
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VA Cash-Out Guidelines: Save Big on Your Refinance

The Department of Veterans Affairs has lowered the maximum loan to value on cash-out refinance VA loans from 100% LTV to 90% LTV. This was brought on by the VA due to the booming housing market nationwide. HUD, the parent of FHA, also lowered the cash-out loan to value on FHA loans from 85% to 80% LTV.